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506 S Ocean Dr; Bethany Beach, DE Property Details

506 S Ocean Dr, Bethany Beach, DE is a Single Family that was built in 1983. This property is currently a cash purchase and is not for sale. Our records show that 506 S Ocean Dr has 5 bedrooms, and 5 bathrooms, and a total of 1,080 square feet. The lot size of 506 S Ocean Dr is 6,499 square feet.

Off market
506 S Ocean Dr Bethany Beach, DE 19930
$3,197,000 Listing Price
5 Beds
5 Baths
1,080 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1983
  • Purchase Price: $1,750,000
  • Open Loans / Balance: 1 / $1,355,721
  • Est. Equity / %: $2,001,279 / 59.62%
  • Gross Yield: 0.822%
  • APN: 134-20.08-161.00
  • Situs County: Sussex
  • Length Of Ownership: 7 years, 2 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Total Rooms: 7

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Wood
  • Building Quality: C+
  • Roof Type: Gable
  • Pool Type: Yes
  • Roof Cover Type: Wood Shake/ Shingles
  • Deck: true

Measurements

  • Total: 1,080/SqFt
  • Lot: 6,499/SqFt
  • Gross: 1,304/SqFt
  • Living: 1,080/SqFt
  • Building: 1,080/SqFt
  • Price Per Square Foot: $1620.37

Legal Description

  • Description: S.BETHANYSOUTH ADDN OCEAN DR. LOT 3 BLK1
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: VE / High Risk - Coastal
  • School District: Indian River School District
  • Lat / Lon: 38.513058 / -75.05299
  • Subdivision: South Bethany
  • Property Class: Residential
  • Zoning: TN
  • County Use Code: RS

Amenities

  • Pool: true
  • Plus Four: 9565
  • Bathroom Fixtures: 14
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Yes

HOA

  • H O A One: $200
  • H O A Amount: $200
  • H O A One Frequency: Annual
  • H O A One Type: Home Owner Association

Ownership Info

506 S Ocean Dr has no associated ownership info
506 S Ocean Dr has no associated ownership info.

Taxes

506 S Ocean Dr has 10 associated Taxes items

506 S Ocean Dr, Bethany Beach, DE pays taxes in Sussex County, DE. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $46,150. The APN we've located for 506 S Ocean Dr is 134-20.08-161.00.

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Taxes
  • Assessed Value:  $46,150
  • Assessed Year:  2026
  • Assessed County:  Sussex
  • APN:  134-20.08-161.00
  • Assessed Land Value:  19200
  • Market Land Value:  2255800
  • Tax Amount:  5881.78
  • Tax Year:  2026
  • Market Value:  2764000
  • Market Year:  2026

Tax History

506 S Ocean Dr has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $5,881.78 Change Rate -0.003747% Assessed CR Tax Rate +0.127449%
Year 2025 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $5,903.9 Change Rate +2.094012% Assessed CR Tax Rate +0.127928%
Year 2024 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,908.17 Change Rate Assessed CR Tax Rate +0.041347%
Year 2023 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,908.17 Change Rate +0.017495% Assessed CR Tax Rate +0.041347%
Year 2022 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,875.36 Change Rate +0.030899% Assessed CR Tax Rate +0.040636%
Year 2021 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,819.15 Change Rate +0.047964% Assessed CR Tax Rate +0.039418%
Year 2020 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,735.89 Change Rate +0.00449% Assessed CR Tax Rate +0.037614%
Year 2019 Assessed Value $46,150 Land Value $19,200 Improvement Value $26,950 Tax Amount $1,728.13 Change Rate Assessed CR Tax Rate +0.037446%
Year 2018 Assessed Value $46,150 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2017 Assessed Value $46,150 Land Value Improvement Value Tax Amount $1,759.42 Change Rate +0.13481% Assessed CR Tax Rate +0.038124%
Year 2016 Assessed Value $46,150 Land Value Improvement Value Tax Amount $1,550.41 Change Rate -0.02986% Assessed CR Tax Rate +0.033595%
Year 2015 Assessed Value $46,150 Land Value Improvement Value Tax Amount $1,598.13 Change Rate +0.015272% Assessed CR Tax Rate +0.034629%
Year 2014 Assessed Value $46,150 Land Value Improvement Value Tax Amount $1,574.09 Change Rate Assessed CR Tax Rate +0.034108%